Demand is this when a change in price results in little change in demand

21.

These you must have to survive

22.

These are costs that do not change

23.

When there is only one provider of a product or service

24.

The is one of the functions of business

25.

It includes natural, human, and capital (three words)

Down

1.

Demand is this when a change in price results in a change in demand

2.

Resources are owned by individuals rather than by the government

3.

Examples of this resource are buildings, money, equipment

5.

When individuals and businesses decide what, how, and for whom goods and services are produced (two words)

7.

He developed the Hierarchy of Needs

8.

How many items producers are willing to make at different prices

10.

Costs that change as you produce more

13.

The option you passed up (two words)

15.

The advantage of producing more items (two words)

17.

One of the four basic principles the U.S. economic system is based on

18.

We feel we must have these to be satisfied

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